Searching for Retirement

A search on pflogs.org last night for the word retirement returned 20 hits over the last two days. It’s definitely a hot topic but are we over-thinking it?

As a person under 30 it’s hard for me to project where I’ll be during retirement. That time is so far away, how do I know what I’ll want or how much I’ll need?

In light of that, I’ve been taking what I call the “Save Now, Worry Later” approach to saving for retirement for several years. Instead of worrying about how much we’ll need in the future, our family saves around 30% of our income for retirement. When the day arrives, hopefully we’ll have to worryabout how to spend all the money we have!

Of course the alternative is the “Spend Now, Worry Later” approach where you spendall your money now and worry about how to pay for retirement when it finally rolls around. This approach is not recommended. If used you will be waiting for retirement to roll around for a very loooooooong time.

Check out what some of the blogs in last night’s “retirement” search have to say about retirement:

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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.